TRUMP TELLS FED TO PULL OUT OF GLOBAL FINANCIAL REGULATIONS


From CNBC

The Federal Reserve’s involvement in international forums dealing with financial regulation violates the Trump administration’s “America First” policy, according to a letter from a Congressman published Thursday by the Financial Times.

In a Wednesday letter to Fed Chair Janet Yellen, Republican Patrick McHenry, vice chairman of the financial services committee in the House of Representatives, criticized the central bank for its “continued participation” in meetings outside the United States “despite the clear message delivered by President Donald Trump in prioritizing America’s interest in international negotiations.”

The Federal Reserve’s involvement in international forums dealing with financial regulation violates the Trump administration’s “America First” policy, according to a letter from a Congressman published Thursday by the Financial Times.

http://www.cnbc.com/2017/02/02/mchenry-letter-calls-fed-international-involvement-unacceptable.html

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